The Vanguard Group, Inc. has recently announced that it has increased stake in Intuitive Surgical Inc (NASDAQ:ISRG) by 0.63%. After grabbing 28.39 million shares, the institutional investor is now in possession of 0.18 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 8.06% having worth around $9.58 billion. Moreover, BlackRock Fund Advisors increased its share by 0.63 million to have a control over 17.6 million shares. And Capital Research & Management Co raised its holdings to 48072.0 shares by acquiring 7.56 million shares or 2.15% of the stake.
Intuitive Surgical Inc (ISRG) concluded trading on Wednesday at a closing price of $370.07, with 4.93 million shares of worth about $1.83 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.84% during that period and On Wednesday, January 24 the price saw a loss of about -0.36%. Currently the company’s common shares owned by public are about 350.00M shares, out of which, 349.57M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 233 times over the past 12 months. They bought 463,729 shares in 113 of the transactions. In 120 selling transactions, insiders dumped 381,974 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Invesco QQQ Trust are the top 3 mutual funds which are holding stakes in Intuitive Surgical Inc Vanguard Total Stock Market ETF is currently holding 11.06 million shares of worth totaling $3.73 billion. The company recently came buying 47038.0 shares which brought its stake up to 3.14% of the company’s outstanding shares. Vanguard 500 Index Fund bought 34236.0 shares, after which its hold over company’s outstanding shares expand to 2.44%, leaving 8.6 million shares with the mutual fund that have a worth of about $2.9 billion. Invesco QQQ Trust, after selling 6.47 million shares, have now control over 1.84% of the stake in the company. It holds 16617.0 shares of worth $2.18 billion.
However, the stock later moved at a day high price of 384.00, or with a loss of -0.36%. Stock saw a price change of 3.12% in past 5 days and over the past one month there was a price change of 10.98%. Year-to-date (YTD), ISRG shares are showing a performance of 9.70% which increased to 44.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $222.65 but also hit the highest price of $379.39 during that period. The average intraday trading volume for Intuitive Surgical Inc shares is 1.76 million. The stock is currently trading 6.48% above its 20-day simple moving average (SMA20), while that difference is up 13.59% for SMA50 and it goes to 19.94% higher than SMA200.
The Vanguard Group, Inc. acquired 28.39 million shares of Intuitive Surgical Inc having value of about $9.58 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.18 million shares in the company valued at close to $66252151.82, or have control over 0.63% stake in the company. Intuitive Surgical Inc (NASDAQ: ISRG) currently have 350.00M outstanding shares and institutions hold larger chunk of about 85.31% of that. Holding of mutual funds in the company is about 35.69% while other institutional holders and individual stake holders have control over 50.07% and 1.38% of the stake respectively.
The stock has a current market capitalization of $130.29B and its 3Y-monthly beta is at 1.37. PE ratio of stock for trailing 12 months is 73.63, while it has posted earnings per share of $5.03 in the same period. Its PEG reads 4.70 and has Quick Ratio of 4.63 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ISRG, volatility over the week remained 2.74% while standing at 2.09% over the month.
Analysts are in expectations that Intuitive Surgical Inc (ISRG) stock would likely to be making an EPS of $1.46 in the current quarter, while forecast for next quarter EPS is $1.62 and it is $7.47 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.28 which is $1.57 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.23 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 9.76% while it is estimated to increase by 17.15% in next year. EPS is likely to grow at an annualized rate of 15.66% for next 5-years, compared to annual growth of 9.71% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on November 17, 2023 offering a Buy rating for the stock and assigned a target price of $318 to it.
